Contact Details:

            Name

Long Service Payments Corporation

            Street Address

Gosford office – Ground Floor, Cnr Baker & Donnison Streets

Lidcombe office – Level 1, CFMEU Building

            Postal Address

Locked Bag 300

Central Coast MC NSW 2252

            Telephone #

131441 (within NSW) or 1800 426 684 (outside NSW)

            Facsimile #

02 9287 5685

            Email

info@lspc.nsw.gov.au

            Website

www.lspc.nsw.gov.au

            Office hours

8.30am to 5.00pm , Monday to Friday

Relevance to Contractors:

A "subcontract worker" is a worker who performs work other than as an employee. A "worker" is someone who performs building and construction work (as defined in the Act). 

            Can They Join?

Yes

            Do They Have To?

No

Paperwork Involved:

            To Join

You need to call the Corporation & get the forms sent to you.

            Ongoing reporting

“Claim for Service Credits”, you will need to include information such as:

• the amount of assessable income earned by you in performing work in the building & construction industry (i.e. the amount you put in your personal income tax return that relates to this type of work);
• the tax deductions you claim in relation to this income
• details of any work performed in the building and construction industry outside NSW

            Record of Credits

As soon as possible after 31 July of each year, the corporation will send you the details that they have on their register as at 30 June of that year.

The number of days "service" you will be credited with will depend upon the amount of income you have claimed in your return.

            Records to be Kept By You

You will need to keep those books and records that contain copies of:

• Any “Claims for Service Credits”; and
• Accounting, tax and other records relating to any claim or proposed claim.

Due Dates:

            To Join

N/A

            Ongoing reporting

Within 12 months following the end of each financial year (30 June). You may apply for an extension of time.

            Record-Keeping

6 years from the date when the last entry was made in your books & records.

Payment Details:

            Amount of Levy – based on

The levy is .35% of the cost of erecting the building (where the cost is ≥ $25,000)

            Who Pays?

Ultimately, it is the owner who bears the cost of the levy, however, the person who pays it in the first instance is:

• If a construction certificate is required or a complying development certificate is issued – the person to whom the certificate is issued
• If a construction certificate is not required & a development consent is granted – the person to whom the consent is granted
• In any other circumstances – the person for whom the building is being erected (i.e. the owner)

            When is it Due to be Paid?

Before work commences.